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Dec 30, 2012
12/12
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the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president obama says it a lot. the average family will end up spending $2,000 more if the fiscal cliff is not averted. let me show you something. you can find out how it would impact you directly by using this. there's a lot of numbers you have to plug in to make sense of it. obviously it can't be exact, it can't be precise, it can't predict the future, but i want to show you some examples we have pulled out. let's go to the graphic here that has a few of the examples we're showing you here. it would take, for example, this scenario, married with no
the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president...
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Dec 23, 2012
12/12
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hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared by the intelligence community. how could this possibly go wrong? believe it or not, things took a turn for the palin later on in her speech. quote, day after day, i engage in highly substantive, highly technical negotiations with my colleagues here at the u.n. like the russians. as a matter of fact, i can see the russian mission from my house. >>> finally, did you think the holidays would come and go without seeing president obama singing "deck the halls." not so. he is back in the game. ♪ deck the halls with bows of holly ♪ ♪ fa-
hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared...
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Dec 22, 2012
12/12
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trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. >> [inaudible] >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that was the real issue. one of my colleagues the other night had an analogy of 100 people drowning in a pool, and that he was a lifeguard. because he could not save any of them, does that mean that he should not have done anything? his point was, if i can go in there and save 99 people that are drowning, that is what i should do as a lifeguard. but the perception was out there and a lot of our members did not want to deal with it. >> [inaudible] are you willing to pass a bill [inaudible] >> we have passed a bill and is sitting in the senate. we passed a bill to deal with the sequester. what we were trying to do this week was to basically jumpstar
trying to address the tax issue, i thought, was important to do it now, so that we do not have taxes go up on every american and hurt our economy. >> [inaudible] >> listen, there was a perception created that that vote last night was going to increase taxes. i disagree with that characterization of the bill, but that impression was out there. we had a number of our members who just really did not want to be perceived as having raised taxes. that was the real issue. one of my...
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Dec 22, 2012
12/12
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let's listen to him first. >> i disagree with john boehner caving on taxes. and we'll give you $1 trillion in tax revenue and we'll raise it for a year and take a lever on the hand of the republicans and he did that without the support of the conference, as we found out. >> i'm interested in terms of what you're hearing the number of votes he came up short. he came up short 21 in a bill related to softening the sequester that was done right before the plan b vote when the plan b vote was supposed to happen here. >> the numbers i've heard has been about 24. >> 24. >> already he could lose about 20 people going into that vote given the republican, the majority and the size of that, but you end up mentioning congressman huelskamp. he tried to punish members like tim huelskamp and one skill that a sometimes a speaker has and we saw this with nancy pelosi and we saw this in 2009 and 2010 is actually fear. they don't fear congressman boehner. they don't fear him at all if they go break their own way and that is one of the reasons why you end up having people who se
let's listen to him first. >> i disagree with john boehner caving on taxes. and we'll give you $1 trillion in tax revenue and we'll raise it for a year and take a lever on the hand of the republicans and he did that without the support of the conference, as we found out. >> i'm interested in terms of what you're hearing the number of votes he came up short. he came up short 21 in a bill related to softening the sequester that was done right before the plan b vote when the plan b...
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Dec 29, 2012
12/12
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>> well, the thing that will get them piqued is that tax rates. obama is preferring a $250,000 threshold, but in the process of trying to hammer out the deal, it is raised to $400,000 or $500,0 $500,000, and the base is going to be angry about that, and that is offset by satisfaction that some of the entitlement reforms that the president had signed off on earlier such as changing the structure for social security will not likely be in this deal, and obviously, everything remains to be seen, and the estate tax is a big sticking point, because obama wants to see it go up, and the senate republicans will insist that it stay at the current rate. >> thank you, robert costa and sam stein. we will be back in a moment. this is "hardball," the place for politics. >>> welcome back to hardball. what will a deal look like if there is one? and who is going to wind up giving up more on the tax cuts for wealthy americans? harry reid insists $250,000 is a threshold, but it may not hold. joining me now is josh green of bloomberg business week. josh, for the marke
>> well, the thing that will get them piqued is that tax rates. obama is preferring a $250,000 threshold, but in the process of trying to hammer out the deal, it is raised to $400,000 or $500,0 $500,000, and the base is going to be angry about that, and that is offset by satisfaction that some of the entitlement reforms that the president had signed off on earlier such as changing the structure for social security will not likely be in this deal, and obviously, everything remains to be...
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Dec 28, 2012
12/12
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tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. everything -- we shouldn't be debating this. congress should because tax bills, as you know, have to start, the constitution says, in the house of representatives. the fact that the white house is negotiating with the senate is a little bit surreal and ridiculous. >> hold on a second, mark. >> michelle, mark is right, it has to start in the house with spending or tax bills but there are two bills the house passed that are sitting in the senate. >> we ought to go over the fiscal cliff. i think we shouldn't make a deal where we're not -- we shouldn't raise taxes. we need entitlement reform, then we can talk. if there's no real entitlement reform, there's nothing we can do. democrats spend, spend, spend. now they have the bill, the fiscal cliff and they don't like the result. what are they going to do? it's time you actually put a stop -- >> we're going to have to leave it there. thank you very much. >> thank you. >> a case of extreme helicopter parents sued by their daughter for stalkin
tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. everything -- we shouldn't be debating this. congress should because tax bills, as you know, have to start, the constitution says, in the house of representatives. the fact that the white house is negotiating with the senate is a little bit surreal and ridiculous. >> hold on a second, mark. >> michelle, mark is right, it has to start in the house with spending or tax bills but there are...
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Dec 29, 2012
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democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than president obama was asking for a week ago. and it will happen if it happens, because over and over and over and over again, john boehner and the house republicans could not take yes for an answer. they had to say no to this president. so they kept delaying until they were weaker. they pushed negotiations from 2011 where they were very strong, until 2012, right after the president had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will com
democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than...
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Dec 30, 2012
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we are talking about every american's tax rates who pays taxes, talking about the extension of unemployment, the estate tax this has more elements in it than most things do i think at the end of the day, you know, in the senate now, i think the senate will come to some sort of arrangement, they will push it over here and then i think the house will be the decisive arena, a lot will depend, obviously, on what the senate agrees to >> isn't that the question what will happen in the house? i don't think we have a concern, maybe i shouldn't stay quite that way, the house seems to be the clear focus on whether or not republicans can muster the votes needed. what is going to happen? >> a lot depends on the nature of the agree weren't, remember on the speakers a plan b, he had over 200 republican votes are, it is not as if he doesn't have an awfully strong hand to play. if it's a deal that john boehner can accept, then frankly, i think it will be passed in a bipartisan manner with a very strong majority. if, on the other hand, he is either neutral or not favorable, then his chances are going to be
we are talking about every american's tax rates who pays taxes, talking about the extension of unemployment, the estate tax this has more elements in it than most things do i think at the end of the day, you know, in the senate now, i think the senate will come to some sort of arrangement, they will push it over here and then i think the house will be the decisive arena, a lot will depend, obviously, on what the senate agrees to >> isn't that the question what will happen in the house? i...
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Dec 30, 2012
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because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the subchapter s corporation. i think it would have a very significant effect. the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says let's raise taxes instead. we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his j
because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the...
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Dec 23, 2012
12/12
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snow across the panhandle of taxes and oklahoma. snow in oklahoma and we'll watch this potentially be a major weather maker wednesday and thursday across the northeast. so if you've -- pretty good travel conditions to get to your destination for christmas. getting home from christmas might be a different story wednesday and thursday from this storm. >> weather 8, how many of these fancy map things do you have? >> not enough. let me tell you, but we've got five different systems we run the maps on and sometimes the wrong one gets plugged in. >> i see you studying this stuff all the time. thanks a lot. >>> the clock ticking down. can you believe it's nine days until spending cuts and tax hikes kick in for all of us? the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the p
snow across the panhandle of taxes and oklahoma. snow in oklahoma and we'll watch this potentially be a major weather maker wednesday and thursday across the northeast. so if you've -- pretty good travel conditions to get to your destination for christmas. getting home from christmas might be a different story wednesday and thursday from this storm. >> weather 8, how many of these fancy map things do you have? >> not enough. let me tell you, but we've got five different systems we...
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Dec 22, 2012
12/12
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taxes shurnt go up. if they were to go up by law, conceivably they could come back in january and lower them and campaign on the fact that they lowers taxed. >> let's take a look at what speaker boehner said on friday. >> many of us believe on both sides of the aisle, the fundamental reform of our taxes will help get our economy moving faster and get more americans back to work. how we get there, god only knows. >> so the president says he's going to head back to washington after christmas to try and hammer out a deal before new year's. babe boehner said god only knows, god and ed o'keefe. how do they get there? >> for practical reasons there, are bills sitting in either chamber right now that the other chamber has passed, the house is telling the senate, pass our bill. the senate is telling the house pass our bill. either of those bills could be amended and sent back across the capitol, and make some changes, and send it back for final passage and sent send it to the president. can you get that done in
taxes shurnt go up. if they were to go up by law, conceivably they could come back in january and lower them and campaign on the fact that they lowers taxed. >> let's take a look at what speaker boehner said on friday. >> many of us believe on both sides of the aisle, the fundamental reform of our taxes will help get our economy moving faster and get more americans back to work. how we get there, god only knows. >> so the president says he's going to head back to washington...
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Dec 23, 2012
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he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing ail trillion dollars a year, and he's not. >> i want to show you one of the our latest polls, and the question was which party should compromise more? 53% thought the republicans should compromise more, and 41% said the democrats. so it's not just the president won. you've seen poll after poll. they blame republicans if their taxes go up. you don't want anyone's taxes to go up, and yet, you are admitting here, saying i think everybody's taxes are going up. >> i don't know it's a question of who should compromise more? we recognize in order to get to a compromise. the question is who is supposed to lead? the president is the
he's all about taxes. he has this mandate on taxes. the spending cuts, the need to get us out of this mess, he hasn't been serious about those, and then that's unfortunate. so, you know, i think where mick and i may be part company is this needs the big deal. i'm okay to say, president, you won. you can tax these rich people you seem to dislike so much, but, you know what? come up with spending cuts. we're borrowing ail trillion dollars a year, and he's not. >> i want to show you one of...
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Dec 30, 2012
12/12
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estate tax, that's a big sticking point. the senate republicans will insist it sticks at its current rate. >> thank you. we'll be back in a moment. this is "hard ball," the place for politics. [ buzzing ] for politics. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. "are you a cool mom?" i'm gonna find out. [ female announcer ] swiffer wetjet's pads are better than ever. now they have the scrubbing power of mr. clean magic eraser so you don't have to get down on your hands and knees to scrub away tough, dried-on stains. hey, do you guys think i'm "momtacular" or "momtrocious"? ♪ [ female announcer ] swiffer. now with the scrubbing power of mr. cl
estate tax, that's a big sticking point. the senate republicans will insist it sticks at its current rate. >> thank you. we'll be back in a moment. this is "hard ball," the place for politics. [ buzzing ] for politics. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. starts with...
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Dec 28, 2012
12/12
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WUSA
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taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last-minute. >> they're playing games with people's lives. and i don't mean that's correct. >> it's just unfortunate that at this point, the two sides can't come together because it's been like that for the last four or five years. >> reporter: two million americans will also lose jobless benefits on saturday if a deal isn't reached. and the nation's borrowing limits to finance our $16 trillion debt will also be reached on monday. danielle nottingham, cbs news, washington. >>> three new jersey police officers were shot and their police station this morning. the shooter domestic assault suspect got a gun and started firing. it happened in the township in camden county east of philadelphia. the gunman was shot and killed. the wounded officers are expected to recover. >>> also the second time this month, someone has been pushed to their death on new york's subway tracks. the nypd says that it was a woman who pushed the male
taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last-minute. >> they're playing games with people's lives. and i don't mean that's correct. >> it's just unfortunate that at this point, the two sides can't come together because it's been like that for the last four or five years. >> reporter: two million americans will also lose jobless benefits on saturday if a deal isn't reached. and the nation's...
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Dec 23, 2012
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they would raise taxes on 11 million middle-class tax payers. there is silence, stone hearted silence on 2 million unemployed workers looking for work who would lose their insurance immediately on december 29. silence on the 27%. in a deeply cynical move, so cynical, the republicans have decided to offer another bill to put off some of the sequester. they pay for it how? deep and ugly cuts impacting seniors, kids. the republicans are tying themselves into knots. in doing so, they are tying into knots the chances for our nation not going over the cliff. vote no on these bills that take us backward, that undercut trust, that increase the chances of going over the fiscal cliff. this is not a plan. this is a ploy. >> i would like to inquire of my friend how many speakers she has remaining. it looks like a couple. i will reserve the balance of my time. >> i would be happy to tell you. four. >> the gem and reserves. >> thank you. three minutes right now. the gentleman from massachusetts. >> recognize for three minutes. >> thank you for the time. just
they would raise taxes on 11 million middle-class tax payers. there is silence, stone hearted silence on 2 million unemployed workers looking for work who would lose their insurance immediately on december 29. silence on the 27%. in a deeply cynical move, so cynical, the republicans have decided to offer another bill to put off some of the sequester. they pay for it how? deep and ugly cuts impacting seniors, kids. the republicans are tying themselves into knots. in doing so, they are tying into...
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Dec 30, 2012
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details on a brand-new sales tax. and senator libbedy graham has been an outspoken critic of president barack obama for years. but what is he saying today? >> if the president doesn't deal with this, he is a lousy commander in chief. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> you are not only going to cut your way to prosperity. >> we have not seen the leade
details on a brand-new sales tax. and senator libbedy graham has been an outspoken critic of president barack obama for years. but what is he saying today? >> if the president doesn't deal with this, he is a lousy commander in chief. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. time for...
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Dec 28, 2012
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the taxing authority. we have the constitutional authority and duty to go in there and tax and spend and create that budget. also we beat up obama and rightly so for the lack of transparency in the obama care debate and we are having four people negotiate the budget. put it back into paul ryan's hands and let's lead. >> i heard paul ryan's name mentioned. of course, his office, don't look at us. we support boehner. but look, if there was some revolt, if this thing is real and people will start mentioning ryan and it builds and builds and builds, i mean would he be somebody who said no to that? >> i think he would say no very quick. he might have other plans perhapses in 2016 and running for speaker, win, lose or draw would be bad for all those plans. i consider are this rahmer to be a three beer rumor which is after about the third beer people like we should replace boehner and that sounds like a good idea and repeat that enough and then it becomes a rumor. look, the staff i talked to on the hill, even the
the taxing authority. we have the constitutional authority and duty to go in there and tax and spend and create that budget. also we beat up obama and rightly so for the lack of transparency in the obama care debate and we are having four people negotiate the budget. put it back into paul ryan's hands and let's lead. >> i heard paul ryan's name mentioned. of course, his office, don't look at us. we support boehner. but look, if there was some revolt, if this thing is real and people will...
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Dec 30, 2012
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that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have different ideas. they want to see more cuts in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that woul
that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have...
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Dec 30, 2012
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the payroll tax holiday. maybe you don't give the whole amount, just part of it. it adds up to $200 billion so the economy continues to grow. then the debt reduction is raised by february. >> mr. davis. he started his comment about solving this saying you have to take the politics out of it. it's not possible at this point. even though the deal, everything you heard from him, you may have agreed with and go along with it. how are you going to take the politics out of it with the clock ticking? >> if you don't get an agreement, it's going to hurt both parties. somebody may have the advantage today and tomorrow in the news headlines, if this doesn't happen, it hurts the president's legacy, it hardens the lines between them. this is not, as joe said, complicated to solve over the short term. long term, a little more complicated. if they can't get through this, it makes it much more difficult over the long term. >> to both of you here, you heard something the president said. david gregory pushed back on the presi
the payroll tax holiday. maybe you don't give the whole amount, just part of it. it adds up to $200 billion so the economy continues to grow. then the debt reduction is raised by february. >> mr. davis. he started his comment about solving this saying you have to take the politics out of it. it's not possible at this point. even though the deal, everything you heard from him, you may have agreed with and go along with it. how are you going to take the politics out of it with the clock...
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Dec 28, 2012
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that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a
that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good...
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Dec 27, 2012
12/12
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harry reid's plan will avoid tax creases for -- tax increases for people making too large and $50,000. >> you will see a two-step process here, one with the media dynamic so you can set up a situation where you can deal with a larger situation. >> without a deal, bush-era tax cuts will expire january 1 and spending cuts will set in. counters -- congress has set a deadline but so far that has backfired. now there is a new warning from the treasury secretary that this country is about to hit its debt limit and needs to act fast. in washington, danielle leigh, nbc news. >> as we head to the new year, a number of new laws are set to effect here in maryland. one allowing gay couples to marry as of january 1. another new law states baltimore city elections will be held on the same cycle as the presidential election, meaning officials will get an extra year in office. as of january 1, a parent or guardian will have the right to free credit reports to protect kids and disabled adults from identity theft. it is hoped it will protect foster children, who are especially vulnerable. >> we are hop
harry reid's plan will avoid tax creases for -- tax increases for people making too large and $50,000. >> you will see a two-step process here, one with the media dynamic so you can set up a situation where you can deal with a larger situation. >> without a deal, bush-era tax cuts will expire january 1 and spending cuts will set in. counters -- congress has set a deadline but so far that has backfired. now there is a new warning from the treasury secretary that this country is about...
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payroll tax will go away almost certainly. your payroll tax is almost smaller. gerri: your first paycheck will be smaller in the new year, right? >> no question. it will try to avoid the first paycheck, and for the bush tax cuts, but there's no guarantee they can keep i that up for very long. this is a story where the checks get smaller and the economy is weaker very quickly. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year of $6 billion yet again. can't keep up with social security. what is the longer-term impact of what is going on on these programs? >> we really do need to have a deal on a big problem, which is the national debt larger than the economy, driven by broken entitlement programs. medicare has a huge deficit, $300 billion every year. 10,000 new beneficiaries every day. medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: th
payroll tax will go away almost certainly. your payroll tax is almost smaller. gerri: your first paycheck will be smaller in the new year, right? >> no question. it will try to avoid the first paycheck, and for the bush tax cuts, but there's no guarantee they can keep i that up for very long. this is a story where the checks get smaller and the economy is weaker very quickly. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year...
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. >>> last night here in new york city i saw the movie "zero dark thirty." the film gets its wide release on january 11. i thought it lived up to the hype. the catherine bigelow movie about the takedown of bin laden was spell binding, epithet conclusion, even though you know how it ends. but much of the advance attention has been focused on how the movie begins, the graphic depiction of an al qaeda prisoner being harshly interrogated. earlier this week three u.s. senators took issue with that sequence. they fear that ameri
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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that will have spending cuts and taxes in it. it seems to me that that's a recipe for republicans to end up getting a lot more in taxes than they would have got in all with an up-front deal. are your colleagues worried about that at all, or are you? >> first of all, you're enlightening me on something i'm not aware of. that was not the conversation i had with my colleagues across the aisle and that wasn't the conversation i had with the minority leader. so you have information that i don't have. look, you can't solve the problem with taxes. you have to do both. this country is in trouble, fiscally and financially as well as ratings. and if we don't do something significant, we'll see another rating cut. and there'll come a time when the interest costs, we cannot afford. so the question comes is, what is the best thing we can do now, given the political dynamics that are in washington that actually make some difference in the future, and when i say future, i'm talking about our kids and grandkids. what can we do that will actually
that will have spending cuts and taxes in it. it seems to me that that's a recipe for republicans to end up getting a lot more in taxes than they would have got in all with an up-front deal. are your colleagues worried about that at all, or are you? >> first of all, you're enlightening me on something i'm not aware of. that was not the conversation i had with my colleagues across the aisle and that wasn't the conversation i had with the minority leader. so you have information that i...
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the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the bill that the house sent over at all? the fact is, harry reid has -- needs to add republican cooperation. he wants to say, look, this isn't a game. this isn't show. you know, i can bring out a bill, pass a bill. if john boehner says i'm not going to look at that, what's the point? let's make something happen here. that is what the american people are looking for. we're concerned about the fiscal and economic policies. there's a recovery period that we're experiencing to put more challenges before the economy both consumers and investors. let's create certainty. let's make sure that we pass tax cuts fo
the alternative minimum tax which all of us, again, agree should not apply to 26 million americans. we agree on that. let's vote on that. let's create that certainty and move forward. let's create a path to move forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the...
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all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they want to cut programs that are incredib incredibly popular. anytime you are set against the consensus of public opinion it is a difficult course. you have to acknowledge that reality. as long as obama and democrats have that they will have the leverage as we repeat the negotiations in the decades to come. >> thank you for joining me. stick around we will be speaking with you two later this hour. >>> coming up the republican who is not afraid to stand up to his own party joins us live. what does he make of the sudden turn in the fiscal talks? is there still time to hammer
all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they...
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not through any tax breaks or anything like that. but through getting back to work and getting their paychecks back up. that's what they want to do. >> now, governor, you have had to deal with people of opposing parties. you've had to compromise. you've seen them compromise. that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate im
not through any tax breaks or anything like that. but through getting back to work and getting their paychecks back up. that's what they want to do. >> now, governor, you have had to deal with people of opposing parties. you've had to compromise. you've seen them compromise. that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made,...
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cuts or tax breaks. nbc's peter alexander, thank you. we'll be right back. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death.
cuts or tax breaks. nbc's peter alexander, thank you. we'll be right back. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain...
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david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain b b. ♪ all onhinkorswim from td ameritrade. ♪ hi hi ♪(whistling tune) ♪("don't worry be happy") shy david: it was wild in the pits at the cme was closing in chicago. sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, contin
david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting,...
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Dec 29, 2012
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but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that would literally take food out of the mouths of hungry babies and in this country, you want to talk about crisis, fiscal crisis, et cetera, a crisis is that one out of five american children is hungry at some point during the year. that is just immoral. and they voted to even cut that. and so i agree with you. i think we have to talk about the consequences for real people. middle class, and as the president said tonight, those who aspire to the middle class. and that would include the unemployed right now, and we're going to extend unemployment insurance benefits. >> yeah, that's critical. gop source
but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that...
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if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legisla
if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican...
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we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting bin laden, and the difference one person can make. you're watching "hardball," the place for politics. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day pr
we don't want to raise taxes on anybody. we don't want to raise taxes on millionaires. we don't want the raise taxes on people who make $50,000 or $20,000. that's a core principle because the problem with the budget is spending. >> you have the final word. i've got run, unfortunately. but think thank you, joy reid. >> thank you, stephen moore. >> thank you. >> thank you. >> when we return, let me finish "zero dark thirty," the great movie about getting...
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president was optimistic and insistent, optimistic there can be a deal that will keep most americans' taxes from going up. here's the president gist now in the white house briefing room. >> i just had a good and constructive discussion here at the white house with start and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. one that protects the middle class from an income class hike. one that extends it to 2 million americans looking for a job and lays the groundwork for more economic growth and debt reduction. >> that leads to the insistent park, asking reith who control the senate agenda and has a majority to pass things gets you most of the way through the senate. clearly the president wants mcconnell and the republicans not t
president was optimistic and insistent, optimistic there can be a deal that will keep most americans' taxes from going up. here's the president gist now in the white house briefing room. >> i just had a good and constructive discussion here at the white house with start and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an...
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large deal, he is at this point urgenting members of congress to work together to at least prevent taxes from going up. he had has acknowledged that there's not enough time to get a large sweeping deal done. he said yesterday, members of congress should take the days of vacation to cool offer, and gain perspective and come back ready to work to get something done. will it happen? we will have to wait and see, the clock is ticking on these negotiations. richard? >> joining us now is mark murray, he is the senior political editor. mark, when we look at the after plan-b failed, what are some of the scenarios that you worked out as we look forward to the limited days ahead of us. the first is what was laid out, it's a quick fix that you end up having. it would originate in the senate and it was no surprise that harry reid was meeting yesterday, it would be a short-term fix to prevent the fiscal cliff. the other is the grand bargain, and time is running out, it's unlikely you will get something like that, however, there's a chance that john boehner and republicans say, mr. president, the last
large deal, he is at this point urgenting members of congress to work together to at least prevent taxes from going up. he had has acknowledged that there's not enough time to get a large sweeping deal done. he said yesterday, members of congress should take the days of vacation to cool offer, and gain perspective and come back ready to work to get something done. will it happen? we will have to wait and see, the clock is ticking on these negotiations. richard? >> joining us now is mark...
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for not voting on the tax on over there for over a monthly they are allowing the tax on everyone over 2 thift,000 to go up. >> ?ar majority leader harry reid who has gotten involved, helpful or hurtful? >> i don't know if they are serious. there is talk democrats want to go over the fiscal cliff. if no action is taken by december 31st, everyone's tacks go up. that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50 and the defense is not 50% of the budget, and they will drastically cut weapon systems and the deployment of our troops. >> i can understand that you would be concerned about that. in terms of this christmas break now that you are home and the president is i
for not voting on the tax on over there for over a monthly they are allowing the tax on everyone over 2 thift,000 to go up. >> ?ar majority leader harry reid who has gotten involved, helpful or hurtful? >> i don't know if they are serious. there is talk democrats want to go over the fiscal cliff. if no action is taken by december 31st, everyone's tacks go up. that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the...
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estate tax goes to 50%. obamacare taxes for many individuals will be .9% on those earning over $200,000. that's another full percentage point. also we have a penalty tax will be imposed on the individuals. and also some employers. then on top of that we have, as kerry mention the, the alternative minimum tax patch. so we have five huge consequences right out of the box. you cover the economy every day. what does that mean to you and how does that affect the average person that will watch this go through? >> a lot of people entered the new year thinking i can't wait to file my taxes so i can get my tax return check. here is the irony and we will start from the bottom of the list. amt is my favorite thing to talk about because it's also known as the wealth tax. it was created 43 years ago because evil, greedy people were not paying their quote, unquote, fair share. this time it could affect $34 million people starting at $74,000. why? it was never indexed for inflation. it was one of these taxes put into plate
estate tax goes to 50%. obamacare taxes for many individuals will be .9% on those earning over $200,000. that's another full percentage point. also we have a penalty tax will be imposed on the individuals. and also some employers. then on top of that we have, as kerry mention the, the alternative minimum tax patch. so we have five huge consequences right out of the box. you cover the economy every day. what does that mean to you and how does that affect the average person that will watch this...
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at that point republicans can support a deal without voting for a tax increase, in fact, because tax rates have automatically reset higher, they can say now we're voting for a big tax cut for the broad middle class. >> is that what's going to ensure that speaker boehner is not in danger is it. >> right. i mean, that's where someone earlier said, you know, he's got to figure out whether he's for the country or for his own job. in many ways he's preserving his own job by not pushing a vote by which the only way that vote would get over the legislative would be with a majority of democrats. he doesn't want to do that to preserve his job. once we go over the cliff, we can possibly do more of a bungee jump if we reverse the damage quickly. in that vote republicans don't have to vote for a tax increase, which to me is absolutely ridiculous in terms of serving the economy and the country, but i guess the politics makes sense to some of these guys. >>> jared bernstein, thank you. the storm is coming. look at that storm, the symptom is coming behind you. >> you weren't talking about a fiscal
at that point republicans can support a deal without voting for a tax increase, in fact, because tax rates have automatically reset higher, they can say now we're voting for a big tax cut for the broad middle class. >> is that what's going to ensure that speaker boehner is not in danger is it. >> right. i mean, that's where someone earlier said, you know, he's got to figure out whether he's for the country or for his own job. in many ways he's preserving his own job by not pushing a...
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if they're not going to agree to a tax -- holding taxes down for those under a million dollars, they're definitely not dealing with $400,000 so, therefore, let's go back to the $250,000. i think that hurt them, boehner. i think that's why boehner is being controlled, unfortunately, by the right wing. i agree with bernie sanders. very sad. i believe that boehner's a good man and wants a deal done and impossible with these folks. >> the finger's not only pointed at the republicans and the tea party caucus but also to some democrats. here's one of your republican colleagues this morning. take a listen to what she said. >> sure. >> everything -- it's just about scoring political points and i know that the american people are tired of that. they're tired of all of us. i understand that. we just make -- used car sales men look good. that's the only group below us. we have to get our act together and prove to the american people that we can regain the trust that they once had in us and get the job done. >> yeah. the perception -- go ahead, please, congressman. looking at the can kicked down th
if they're not going to agree to a tax -- holding taxes down for those under a million dollars, they're definitely not dealing with $400,000 so, therefore, let's go back to the $250,000. i think that hurt them, boehner. i think that's why boehner is being controlled, unfortunately, by the right wing. i agree with bernie sanders. very sad. i believe that boehner's a good man and wants a deal done and impossible with these folks. >> the finger's not only pointed at the republicans and the...
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because they know that we don't want to increase taxes. so i do think everyone coming toe, and it's going to take everyone, the president, the vice president, the house and sena senate. >>> are you saying there's several dozen that did not support plan b, they were not looking at this practically? >>> i agree with them. however, we're at a point where we will not get what we think is right for our economic and country, because we don't control government. so we've got to work within the system we have. i think 250,000 as a threshold is way too low. we can't do that to people who have a lot of expenses. we need to up that amount that president obama wants to raise taxes on. >> he was putting it at 400,000 senator, i want to move to the issue of guns. we heard what ray lapierre said earlier. he was singling out one of your colleagues. i want you to listen to part of his interview. >> you could ban all diane fine stein, done whatever you said to. she had insure bean and columbine occurred. >> is the revival of that ban, is that going to pass?
because they know that we don't want to increase taxes. so i do think everyone coming toe, and it's going to take everyone, the president, the vice president, the house and sena senate. >>> are you saying there's several dozen that did not support plan b, they were not looking at this practically? >>> i agree with them. however, we're at a point where we will not get what we think is right for our economic and country, because we don't control government. so we've got to work...
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once again he he made a case for raising taxes on the top 2%. jing us now to respond dick harr harr boot alan. the president came out late afternoon inconveniencing the media which is the way it goes. he didn't say anything new. he said i'm an optimist and we should all take a break and let cooler heads prevail and people are suffering out there and they need more from washington. let me start by saying this. he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the senate side, the senate passed a bill last summer that would keep the bush tax cuts in place for everybody that makes $250,000 a year or less. it's been sitt
once again he he made a case for raising taxes on the top 2%. jing us now to respond dick harr harr boot alan. the president came out late afternoon inconveniencing the media which is the way it goes. he didn't say anything new. he said i'm an optimist and we should all take a break and let cooler heads prevail and people are suffering out there and they need more from washington. let me start by saying this. he still talks about washington as if he is not in washington. okay? my point on this...
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they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. third area that we have to look at, the president wanted, as you recall a few weeks ago, $1.6 trillion in new revenue. we're now down to, as i understand it, about $600 billion. a significant reduction. if you don't have new revenue coming in from the wealthiest people, it will mean, as we go down the pike -- >> there are so many issues like, this that are -- have been originally talked about. but when push comes to shove, and it comes up to the absolute deadline and everybody is hopefully still talking tomorrow, how narrow could this deal be to get it done? >> how what? >> how narrow could this deal be? could it be just about whose taxes expire and whose don't? >> as i think some of your commentators made, people have to understand the world does not collapse in terms of the so-called deficit cliff, which many of us see as a slope. it doesn't collapse on january 1. not everybody's taxes are going up. you have
they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. third area that we have to look at, the president wanted, as you recall a few weeks ago, $1.6 trillion in new revenue. we're now down to, as i understand it, about $600 billion. a significant reduction. if you don't have new revenue coming in from the wealthiest people, it will mean, as we go down the pike -- >> there are so many issues like, this that are -- have been originally...
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Dec 28, 2012
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john boehner could not even pass a tax proposal that he suggests over there where he would keep the taxes the same for everybody except people making over a million dollars a year. no, grover and the boys said no, you can't do that. so he didn't even bring it up for a vote. so i am here, i'm happy to listen to anything the speaker and the republican leader have. they have a way of getting the president, they don't need my help, i'm happy to work with them any way i can, but the way things have been going, it's not a real good escape hatch they have. they are out of town now. they will be back for two days, 48 hours, so that's where we are. Ñ k;e,e,hkaeÑ k;e,e,hkae two-thirds who starred at the four-year institution finish there. to the extent they are relying on debt to make college more affordable, they need the evidence to back it up. if the students were to hear that two-thirds of the students from this college or going to graduate or drop out with more debt than they can afford to pay, they might walk to a college that is less problematic on equal measure. but what is needed is not
john boehner could not even pass a tax proposal that he suggests over there where he would keep the taxes the same for everybody except people making over a million dollars a year. no, grover and the boys said no, you can't do that. so he didn't even bring it up for a vote. so i am here, i'm happy to listen to anything the speaker and the republican leader have. they have a way of getting the president, they don't need my help, i'm happy to work with them any way i can, but the way things have...
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Dec 28, 2012
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, not a rise in taxes? >> chuck schumer brought up a good point. a key moment of these entire negotiations came on wednesday night when president obama calls mitch mcconnell, bring the republican leader in the process. what happens now is very important. as sam said, they'll be negotiating today and over the weekend in the senate. and if this $250,000 comes to the floor, if a few republicans attach themselves to what reid and obama agree to, then that means when it pose gophers to the house it has a much better chance of attracting republican support. if mitch mcconnell aligns republicans and tells everyone to oppose it in the senate republican conference, the chances of it succeeding in the house are pretty low. >> sam, is this the end of the road for grover norquist and his pledge? >> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other
, not a rise in taxes? >> chuck schumer brought up a good point. a key moment of these entire negotiations came on wednesday night when president obama calls mitch mcconnell, bring the republican leader in the process. what happens now is very important. as sam said, they'll be negotiating today and over the weekend in the senate. and if this $250,000 comes to the floor, if a few republicans attach themselves to what reid and obama agree to, then that means when it pose gophers to the...
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Dec 22, 2012
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once again he he made a case for raising taxes on the top 2%. jing us now to respond dick harr harr boot alan. the president came out late afternoon inconveniencing the media which is the way it goes. he didn't say anything new. he said i'm an optimist and we should all take a break and let cooler heads prevail and people are suffering out there and they need more from washington. let me start by saying this. he still talks about washington as if he is not in washington. okay? my point on this is why is anyone going home or why is anyone taking much of a break until this thing is decided and agreed upon? your response. >> well, i think the president is facing a dysfunctional house of representatives. john boehner speaker of the house couldn't get his own plan passed this week. and i think he he is frustrated by the fact that he is dealing with a guy who can't deliver on any promises. on the senate side, the senate passed a bill last summer that would keep the bush tax cuts in place for everybody that makes $250,000 a year or less. it's been sitt
once again he he made a case for raising taxes on the top 2%. jing us now to respond dick harr harr boot alan. the president came out late afternoon inconveniencing the media which is the way it goes. he didn't say anything new. he said i'm an optimist and we should all take a break and let cooler heads prevail and people are suffering out there and they need more from washington. let me start by saying this. he still talks about washington as if he is not in washington. okay? my point on this...
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Dec 29, 2012
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and the estate tax. it goes on. it goes on. it goes on. why, david jackson, haven't people started screaming from the streets and screaming from the rooftops about what this mean, this is a manufactured crisis. >> well, they haven't felt it in their paycheck and they will after january 1. the government will be taking more out of their paychecks and when the tax time will roll by in april, they'll feel it and businesses will feel it. once people will see they're losing money on this deal you'll see more public outrage about it. >> david naka, mura, calling for an up or down vote if the senate can't come up with it. he's talking about 250,000, at one point 400,000. is it realistic to think that the president can win this thing on an up or down vote? >> if they actually go to an up and down vote there will be a lot of pressure on those who were against a temporary fix with this to make their case known and actually go on the record. that's why the question is would the republican senators who would oppose
and the estate tax. it goes on. it goes on. it goes on. why, david jackson, haven't people started screaming from the streets and screaming from the rooftops about what this mean, this is a manufactured crisis. >> well, they haven't felt it in their paycheck and they will after january 1. the government will be taking more out of their paychecks and when the tax time will roll by in april, they'll feel it and businesses will feel it. once people will see they're losing money on this deal...
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Dec 26, 2012
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extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a bungee jump than a cliff dive. because on the other side there's some dynamics that change such that republicans can vote for a big tax decrease off of what will then be current law. >> jared, you've got a post -- i just want to go back for a moment. while this ping-pong game is going on in washington, you've got a post on your blog showing the real drag this is having on consumer confidence. so, i mean, what can the president do to protect the economy and try to restore some degree of confidence while these negotiations are going on? >> i thi
extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a...